TDS Rates for F.Y. 2008-09

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					To All Concerned
Rates of TDS for the F.Y. 2008-09

                                                                            FA      Max.          If the recipient is an      If the recipient is an individual,   If the recipent is an Company
                     Nature of Payment                          Section    code     Limit       Individual,HUF payment       payment exceed Rs.1,00,00,000/-        Co-operative soceity, firm or
                                                                                            does not exceed Rs.1,00,00,000/-                                                local authority
                                                                                                        TDS (%)                           TDS (%)                             TDS (%)
Interest other than Interest on Securities (Other than
Interest by Bank)                                                194-A    12512    10000               10.300%                            11.330%                           22.660%
Payment of Interest by bank (From 01/06/07 onwards)

Payment to a Contractor                                          194-C    12511    20000                1.030%                             1.133%                            1.133%
(In case of advertising agency)
Payment to a Contractor                                          194-C    12511    20000                2.060%                             2.266%                            2.266%
Courier, Security Guard, Office Construction
 AMC charges, Repair & maintenance exp.
 Photostate & Typing
Printing & Stationary (except Purchase),
Office Maintenance etc.
Payment to a Sub-Contractor                                      194-C    12511    20000                1.030%                             1.133%                            1.133%
Trucks Attached, Air Freight, Loading-Unloading
Pick-up & Delivery Charges, Forklift Hire Charges
Lorry Hire Charges, Local Booking/Delivery Exp.,
Packaging & Forwarding Charges, Octoroi paid to
Agent, Wagon Freight paid to Agent.

Payment of Commission/Brokarege                                  194-H    12514     2500               10.300%                            11.330%                           11.330%

Any commission or Brokarege paid to
our Agent / Brokers.

Payment of Rent                                                   194-I   12515 120000                 15.450%                            16.995%                           22.660%
Any payment by way of rent for the use of
Land or Building/Electricity/Other Charges paid
to the Owner,Hiring charges(genrators,machinery etc.)
Payment of Rent                                                   194-I   12515 120000                 10.300%                            11.330%                           11.330%
Any payment by way of rent for the use of
Plant & Machinery

Fees for professional / Technical services                       194-J    12513    20000               10.300%                            11.330%                           11.330%

Professional:-CA/CS/ Lawyers/Advocates etc.
Technical :- Consultants etc.


If you have any confusion regarding any matter of Taxation i.e.TDS , service Tax (Cenvet) pls call on Ph.(Direct)- 9313399283

E-mail ID's                                                     sachin@sgujar.com
NOTE:
1. Surcharge for deducting tax at source shall be leviable in
case where payment is made to an individual or HUF, AOP or
body of individual when aggregate amount paid or likely to be
paid and subject to tax deduction exceeds Rs.10 lakhs, in case
payment is made to a firm or a domestic company when
aggregate amount paid or likely to be paid exceeds Rs.1 crore.
In the case of payment to other than a domestic company the
surcharge shall be levied @ 2.5%. Applicability of surcharge, in
case payment exceeds the above prescribed limit is effective


2.TDS Certificate to be issued in revised form No. 16, 16A &
27 notified by the CBDT

3. Education Cess @ 3% is applicable with effect from



4. Change in rate of deduction of tax at source on payment of
commission, brokerage, professional/technical services, rent
shall be effective from 01.06.2007.

5. Applicability of increased limit of Rs.10,000/- for non
deduction of tax in respect of payment of interest by bank shall
be effective from 01.06.2007.

6. Applicability of leviability to deduct tax at source on payment
by individual/HUF having turnover exceeding the limit
prescribed in Section 44AB in respect of payment to
contractors shall be effective from 1st June, 2007.

				
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